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Stockreport

Asia Markets: Asian markets fall flat to start March [MarketWatch]

Kawasaki Heavy ADR (KWHIY)  More Company Research Source: MarketWatch
NASDAQ:AMEX Investor Relations: global.kawasaki.com/en/corp/ir
PDF Asian markets fall flat to start March Asia-Pacific stocks began the day on the back foot, kicking March off on a sour note after most indexes in the region logged their worst monthly performance in two years during February. Thursday’s early weakness extended wide regional declines Wednesday and followed a second-straight late slide in the U.S., closing around session lows. Japan’s Nikkei NIK, -1.60% , which logged its worst month since June 2016 in February, fell 1.2% with cyclical stocks leading declines. Kawasaki Heavy Industries 7012, -5.36% slid 4.1% after saying a production problem was to blame for a fault in a bullet train found in December. Commodities-related stocks were weaker in Japan and elsewhere after Wednesday’s fresh drop in oil prices. Meanwhile, the yen rebounded further overnight, putting further pressure on Japan stocks. The currency was recently at ¥106.65 per dollar, versus ¥107.07 when local stock trading ended Wednesday. Elsewhere, indexes in Hong Kong [Read more]

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